Chip Antenna Market Outlook- 2030

Chip antennas are types of antennas that are admired for their tiny size. They are most often used to emit high-frequency electromagnetic waves on circuit boards. They have a short range, therefore, they are best for tiny devices like phones and Wi-Fi routers. Chip antennas can be found in a wide range of telecommunications equipment, PC peripherals, mobile phones, PDAs, portable TVs, headphones, satellite radio, GPS gadgets,  Wi-Fi, USB dongles and WLAN routers.

They are smaller in size, less sensitive to component and ambient noise, require less simulation, and are easier to adjust or replace. Bluetooth technology is extensively used for short-range wireless communication in consumer electronic products such as headsets, smartphones, wearables, and gaming consoles, and is expected to account for the biggest proportion of the market in terms of wireless applications. All these factors assist the growth of  market globally.

The global chip antenna market is segmented on the basis of type, sales channel, application, industry vertical, and region. Based on type, the market is divided into dielectric chip, LTCC chip, and ceramic multilayer chip antennas. In terms of sales channel, the market is categorized into offline and online. On the basis of application, the market is divided into WLAN/wi-fi, bluetooth/BLE, dual band/multi-band, and GPS/GNSS. On the basis of industry vertical, the market is divided into telecommunication, transportation, manufacturing, industrial, government, healthcare, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global chip antenna industry include Vishay Intertechnology, Inc., Johanson Technology, Antenova Ltd., Mitsubishi Materials Corporation, Taoglas, Sunlord Electronics, YAGEO Group, Partron Co. Ltd., Pulse Electronics, Inc. Fractus Antennas S.L. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global chip antenna market.

Market Scope and Structure Analysis

COVID-19 Impact Analysis

COVID-19 has three major effects on the global economy — directly impacting production & demand, causing supply chain &market disruption, and having a financial impact on businesses &financial markets. The COVID-19 pandemic is likely to have a large impact on the chip antenna market share. In key industrial areas such as in China, SRTEC, which is a leading chip antenna manufacturer and supplier, chip production manufacturing facilities are gradually recovering from the pandemic's effects.

Furthermore, the quick rollout of 5G is likely to help the industry develop during the chip antenna market forecast period. Also, market growth is projected to be aided by 5G's emergence as an independent network and the quick extension of 5G smartphones from flagship-only models to the mid-range sector.

Top Impacting Factors

The low cost of chip antennas as compared to traditional antennas is a major driving force in the industry. Chip antennas are in high demand in Internet of Things (IoT) applications such as smart grids, smart homes, linked automobiles, and industrial internet. Furthermore, the chip antenna market is expected to benefit from the rise in trend of miniaturization in consumer electronics.

However, the initial production expenditure of a ceramic chip antenna is costly, and this aspect is likely to limit the growth of chip antenna market. Other major constraints that limit the growth of the market include limited range and varying performance efficiency of chip antennas, as well as lack of compatibility and functionality between manufacturer and supplier.

New Product Launches to Flourish the Market

Abracon, LLC, a leading global producer of frequency control, timing, synchronization, RF, connection, and power solutions, in April 2020 released new evaluation boards for a variety of chip antenna solutions. Engineers may use the new evaluation boards to see how Abracon's chip antennas function in different scenarios.

Surge in Usage in Internet of Things (Iot)Sector and Telecommunication Sector

The use of the Internet of Things market in retail is projected to experience growth owing to the rise in the need for data analysis and analytics integration. In addition, due to the convenience of purchasing and the widespread usage of smartphones, the usage of e-commerce platforms has experienced significant increase, which is expected to surge the growth in the chip antenna market.

For instance, Amazon's first storefront in Seattle, Washington, features self-checkout and mobile payment options that are compatible with both Android and iOS devices. To identify consumers and items, the store is outfitted with cameras, sensors, and/or RFID readers, as well as computer vision, which eventually increases the demand for chip antennas in production.

Key Segments Covered

Key Benefits of the Report

• This study presents the analytical depiction of the chip antenna market growth along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the chip antenna market trends.
• The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the chip antenna industry opportunity.
• Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market.
• The report provides a detailed chip antenna market analysis based on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Chip Antenna Market Research Report

• Which are the leading players active in the chip antenna market size?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities in the market?
• What are the projections for the future would help in taking further strategic steps?